Petrol Prices Expected to Drop as Global Crude Oil Prices Decline
Nigerians may soon experience a reduction in the cost of Premium Motor Spirit (PMS), commonly known as petrol, as global crude oil prices continue to decline. Analysts in the energy
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Shell: Nigeria Faces Fierce Competition for Foreign Investments Amid Global Energy Transition
Oil giant Shell has warned that Nigeria is facing increasing competition from other countries in attracting foreign direct investment (FDI) in the oil and gas sector, as global energy firms
Nigerian Military Eliminates Boko Haram’s Chief Bomb Maker and Eight Other Insurgents in Sambisa Forest Operation
In a significant counter-terrorism operation, Nigerian troops have successfully neutralized Amirul Bumma, the chief bomb maker of the Boko Haram terrorist group, along with eight other insurgents. The operation took
African Development Bank to Provide $230 Million Trade Finance Package for Access Bank
The African Development Bank (AfDB) has approved a $230 million trade finance package for Access Bank Plc, aimed at boosting liquidity for businesses and enhancing Nigeria’s trade sector. In a
Kaduna Court Orders Interim Forfeiture of ₦1.37 Billion Allegedly Diverted During El-Rufai Administration
The Federal High Court in Kaduna has issued an interim forfeiture order for the sum of ₦1.37 billion, which was allegedly diverted from the Kaduna State government’s coffers during the
LAMATA Highlights Need for 15,000 Buses to Efficiently Serve Lagos Commuters
The Lagos Metropolitan Area Transport Authority (LAMATA) has identified a pressing requirement for approximately 15,000 public buses to adequately meet the daily transportation demands of Lagos State’s burgeoning population. This
Nigeria Customs Service Begins Pre-Unveiling of Trade Facilitation Tool to Ease Business Operations
The Nigeria Customs Service (NCS) has commenced the pre-unveiling process of its new trade facilitation tool, designed to streamline import and export procedures, reduce bottlenecks, and improve efficiency in the
Wema Bank Empowers Innovative Startups with $200,000 Grant to Drive Tech and Business Growth
Wema Bank Plc, one of Nigeria’s leading financial institutions, has announced a $200,000 grant aimed at supporting innovative startups and small businesses focused on technology, financial services, and entrepreneurship. The
Nigeria Becomes 77th Shareholder of European Development Bank, Expands Global Financial Partnerships
Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD) as its 77th shareholder, marking a significant milestone in the country’s efforts to strengthen international financial partnerships and
Seplat Energy Targets 13 New Oil Wells in 2025 to Boost Nigeria’s Crude Production
Seplat Energy Plc, one of Nigeria’s leading independent oil and gas companies, has announced plans to drill 13 new oil wells in 2025 as part of its strategy to enhance
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